Stock Market & Financial Investment News

eBay technical comments ahead of earnings, levels to watchThe shares have largely been trading in a range of $50 at the low and $56 at the high (with some notable exceptions) since late 2012. A range that has been this long in development tends to keep moving in the direction of the ultimate break of the range. If $50 were taken out on the downside, we could expect further price weakness to come and a major top would be in place on a long-term basis. A look at a 10-year chart will make this clearer. Similarly on strong positive news, a breakout above $56 would signal the potential for a new leg higher that could set new record highs. While there was a move above the range back in February and March, it proved short-lived. The first big resistance level on the upside in the event of positive results would be at the life high of $59.70. Support on a break below $50 would be at $47.47.